Candor Capital Acquires Medical Office Condo In Murray Hill For $12M
SOLD
$12,000,000
+ 2
New York
See Similar DealsMedical Office
Sold 08/31/2021
SOLD
Candor Capital Acquires Medical Office Condo In Murray Hill For $12M
345 East 37th Street
See Similar DealsMedical Office
Sold 08/31/2021
+ 2
Summary
NEW YORK
Asset Type:Medical Office
Transaction Type:Sale
A medical office condo located at 345 East 37th Street in Murray Hill has been sold for $12,000,000. The property, owned by 60 Guilders and represented by Kevin Chisholm and Bastien Broda, was purchased by Candor Capital, with Ben Meshel and Adam Ibrahim acting as their representatives in the deal. The sale was facilitated by Adelaide Polsinelli from Compass.
Summary of transaction details
- Property Type: Medical Office Condo
- Transaction Amount: $12,000,000
- Address: 345 East 37th Street
- Market: Murray Hill
Candor Capital, represented by Ben Meshel and Adam Ibrahim, acquired the medical office condo located at 345 East 37th Street in Murray Hill for a price of $12,000,000. The seller, 60 Guilders, was represented by Kevin Chisholm and Bastien Broda. Adelaide Polsinelli from Compass facilitated the transaction.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$640,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$42,633.46
Cash-on-Cash Return-1.27%
Monthly Debt Service$56,886.12
Annual Debt Service$682,633.47
Is there something missing? Send suggestions